Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.63 and traded as high as $3.80. Gabelli Convertible & Income Securities Fund shares last traded at $3.80, with a volume of 74,689 shares traded.
Gabelli Convertible & Income Securities Fund Stock Performance
The stock has a 50-day moving average price of $3.66 and a 200 day moving average price of $3.74.
Gabelli Convertible & Income Securities Fund Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, June 13th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.60%.
Institutional Trading of Gabelli Convertible & Income Securities Fund
A number of large investors have recently made changes to their positions in GCV. PNC Financial Services Group Inc. purchased a new stake in shares of Gabelli Convertible & Income Securities Fund during the first quarter worth approximately $38,000. Arete Wealth Advisors LLC purchased a new stake in shares of Gabelli Convertible & Income Securities Fund during the fourth quarter worth approximately $57,000. Cornerstone Advisors LLC increased its stake in shares of Gabelli Convertible & Income Securities Fund by 769.3% during the fourth quarter. Cornerstone Advisors LLC now owns 19,099 shares of the investment management company's stock worth $73,000 after buying an additional 16,902 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Gabelli Convertible & Income Securities Fund during the fourth quarter worth approximately $83,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Gabelli Convertible & Income Securities Fund during the fourth quarter worth approximately $110,000. 23.40% of the stock is currently owned by hedge funds and other institutional investors.
Gabelli Convertible & Income Securities Fund Company Profile
(
Get Free Report)
The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
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